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Wajeeh Khan

RIVN Stock Pops as Rivian Raises Delivery Outlook

RIVN Rivian Rivian Automotive Canaccord Barchart

Rivian Automotive (RIVN) shares ended meaningfully higher on July 2 after the EV maker raised its full-year guidance. It now expects to deliver at least 65,000 vehicles in its fiscal 2026.

Management had previously estimated 62,000 deliveries at the lower end of the range. In Q2, the automaker delivered 12,194 vehicles in total, handily beating the consensus at 11,000 only.

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